CyberArk appoints Kathy Cullen-Cote as new Chief People Officer

NEWTON, Mass. & PETACH TIKVA, Israel - Identity security company CyberArk (NASDAQ:CYBR) has appointed Kathy Cullen-Cote as its new Chief People Officer, according to a press release statement issued Monday.

Cullen-Cote, who most recently served as Chief People Officer and EVP at Teradata and previously held HR leadership roles at PTC, succeeds Ruth Shaked, who is retiring after 12 years with the company.

In her new role, Cullen-Cote will lead CyberArk’s global HR organization, focusing on workforce growth, professional development, and implementing scalable people practices. She will work with the executive team to align talent initiatives with the company’s long-term strategy.

"Kathy joins us at a pivotal time as we scale to meet growing demand for our identity security platform and solutions," said Matt Cohen, CEO of CyberArk. The company’s strong momentum is reflected in its stock performance, with a 48.5% return over the past year. According to InvestingPro analysis, which offers 12 additional key insights about CYBR, the stock is currently trading above its Fair Value.

Cullen-Cote expressed her enthusiasm about joining the company, stating, "I’m thrilled to be part of CyberArk. The company’s commitment to its people and its culture of collaboration and high performance deeply resonate with me."

Throughout her career, Cullen-Cote has driven cultural transformation, global workforce strategy, and talent initiatives. She has received industry recognition including the Bob Gatti HR Leadership Award and Oracle’s HCM Cloud Rubies Award for her contributions to modern HR practices.

CyberArk, which describes itself as the global leader in identity security, provides an AI-powered Identity Security Platform that applies privilege controls to secure human and machine identities in enterprise environments. While currently unprofitable, InvestingPro data indicates analysts expect the company to achieve profitability this year, with projected earnings of $3.90 per share. Get the complete picture with InvestingPro’s comprehensive research report, available for over 1,400 US stocks including CYBR.

In other recent news, CyberArk Software has been the focus of several analyst reports and corporate developments. Cantor Fitzgerald reiterated its Overweight rating with a $420 price target, highlighting CyberArk’s strategic position in Privileged Access Management (PAM) and its recent acquisition of Zilla, a cloud-native identity governance solution. Similarly, BTIG maintained a Buy rating and set a $425 price target, citing strong demand for CyberArk’s PAM solutions and suggesting potential upside in the company’s net new Annual Recurring Revenue. Arete also reiterated a Buy rating with a higher price target of $585, reflecting optimism about CyberArk’s role in cybersecurity investments amid evolving threats.

Additionally, CyberArk announced that two of its identity security solutions are now available in the AWS Marketplace’s new AI Agents and Tools category, aiming to secure privileged access for AI agents. These tools, including the Secure Cloud Access MCP Server and Agent Guard, are designed to enhance security controls for AI systems. Meanwhile, Panasonic Information Systems has implemented the CyberArk Identity Security Platform to automate and secure privileged access across its servers, as part of its digital transformation initiative. This implementation provides Panasonic with improved visibility and control over server access activities, strengthening its security posture globally.

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